Container Shippers May See Boost in 2013 as European Customers Fill More Asia-Bound Boxes
(Bloomberg) — Europe-to-Asia freight rates will defy a decline in the other direction this year as exports heading east grow faster than imports, helping
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(Bloomberg) — Europe-to-Asia freight rates will defy a decline in the other direction this year as exports heading east grow faster than imports, helping
(Bloomberg) — Billionaire investor Carl Icahn proposed three new Transocean Ltd. board candidates and said he’d push for a higher dividend after
(Bloomberg) — The biggest glut since 1996 in the supply of the largest oil tankers means owners will have to wait three more years for rates to recover,
(Bloomberg) — Golar LNG Ltd., an owner of tankers hauling liquefied natural gas, was lowered to “hold” from “buy” at Pareto
(Bloomberg) — Petroleo Brasileiro SA, the world’s largest deep-water oil producer, will stop leasing new rigs as it struggles to contain costs and
(Bloomberg) — A Mitsubishi Corp. subsidiary plans to seek $750 million for a fund managed by former General Electric Co. shipping-team members that will
(Bloomberg) — A 39 percent jump in iron-ore cargoes over the next three years will fail to offset a surplus of the biggest ships hauling the steelmaking
(Bloomberg) — Indonesia, the world’s third-largest exporter of liquefied natural gas, will start importing the fuel by 2018 to meet increasing
By Kyunghee Park March 6 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s biggest container-shipping company, plans to add more vessels
(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of
(Bloomberg) — ConocoPhillips may cease shipments of liquefied natural gas from the U.S.’s only export terminal in Alaska because of insufficient
Tony Capaccio (Bloomberg) — Lockheed Martin Corp. and Austal Ltd. today received a combined $1.38 billion in orders for continued purchases of the
(Bloomberg) — Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated
(Bloomberg) — Global shipbuilding capacity is about a third lower than it was at the 2008 peak as yards close or reduce employment, RS Platou Economic
(Bloomberg) — Iran has a $3 billion credit with Turkey over natural gas it sold to its neighbor and may use it to import commercial and leisure ships,
(Bloomberg) — A lack of cargoes is limiting the market to ship liquefied natural gas as production needs to resume in Nigeria and start in Angola for
By Rebecca Penty and Sara Forden (Bloomberg) — Cnooc Ltd., China’s largest offshore oil and natural gas producer, was barred from controlling
(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after
(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for
(Bloomberg) — Cargill Inc., the agricultural trader that accounts for 2 percent of world freight, is ordering new ships in a reversal of a policy against
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